Greek archaeologists uncover ancient austerity

Ancient Greeks were forced to tighten their tunics thousands of years before their descendants faced a similar fate under debt-cutting austerity measures, a senior archaeologist said on Tuesday.

Graves excavated in recent months in the northern Greek region of Macedonia show the population scaled back on funeral offerings some 2,300 years ago, probably under royal decree, archaeologist Manthos Besios told Ta Nea daily.

The graves in Pydna, a prominent city in the ancient Macedonian kingdom elevated to fame by Alexander the Great, contained gold jewels, elaborate vases and ivory-plated beds in the fourth century BCE, Besios said.